Reading the Chart
EUR/JPY Breaks to the Upside
EUR/JPY Breaks to the Upside
Forex Strategy is Bullish: We are currently @ 175.83 in a range. We are looking to continue up to the ATR target @ 176.36 area and ultimately the 1.618 Fibo @1177.58. USDX is currently up but showing a top today. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 98 pips per day and it’s 90-day average is 111 pips per day.
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